Latest Business News - Africa

AfDB approves US$228 million for rehabilitation of strategic Kenya-Tanzania link road

The African Development Bank (AfDB) has approved a US $228 million loan to the Government of Kenya to rehabilitate the 172-kilometre road linking the town of Isebania on the border of Tanzania with  Read More..

Posted on : 04 Apr,2016


Kenya and China sign Naivasha-Malaba SGR line agreement

Kenya and China have signed a US$ 5.4bn agreement that will see the construction of the Naivasha-Malaba Standard Gauge Railway line under the Kenya SGR Developments complete. The signing of the  Read More..

Posted on : 04 Apr,2016


Construction of luxurious hotel in Kenyan capital Nairobi underway

 A major luxurious hotel in Kenyan capital Nairobi  is being constructed by Best Western Plus Creekside Hotel and managed by French group AccorHotels. The Pullman Hotel will is expected to  Read More..

Posted on : 18 Feb,2016


Ghana National Gas Company to construct new gas plant

 The Ghana National Gas Company has plans to construct new gas plant in Ghana. Dr. George Sipa Yankey, Ghana Gas Company  Chief Executive Officer announced. The project is expected to be  Read More..

Posted on : 18 Feb,2016


South Africa:Newly constructed Radisson Blu Hotel in Cape Town set to open

 The much anticipated Radisson Blu Hotel in Cape Town is set to open in Cape Town in the course of this year.   Stonehill Property Fund, a land owner, and South African developer  Read More..

Posted on : 18 Feb,2016


Major highway in Ghana to be expanded in reconstruction plan

A Major highway in Ghana is to be expanded in reconstruction plan due to start March 2016,Inusah Fuseini, Ghana’s Roads Minister has announced. The feasibility studies are underway to give  Read More..

Posted on : 12 Feb,2016


Road construction in Malawian capital Blantyre to begin

Construction of three roads in Malawian commercial capital Blantyre is set to kick off after the Blantyre City Council received $1.6 million dollars from government. The three roads set for  Read More..

Posted on : 12 Feb,2016


Development capital boosts African infrastructure

A new report sponsored by global law firm Baker & McKenzie finds that the funding gap for African infrastructure has narrowed to about $25bn a year, based on a continental need of $90bn worth of  Read More..

Posted on : 08 Feb,2016


Major road being constructed in Nigeria gets financial boost

A major road that is being constructed in Nigeria has received a major boost after Energy firm LNG Limited  committed to provide 50% of the US$301.97m of the total amount required for the  Read More..

Posted on : 08 Feb,2016


Construction of major highway at Kenya's Coast to begin

Kenya National Highways Authority (KeNHA) has confirmed that the construction of a major highway at Kenya’s Coast is set to begin later this year. The Garsen-Witu-Lamu road in Kenya is expected  Read More..

Posted on : 08 Feb,2016


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